RMS

RMS Partners with Fireman's Fund Insurance Company on Study of Per Risk Fire Underwriting

Calif – March 9, 2009 – Risk Management Solutions (RMS) has partnered with Fireman’s Fund Insurance Company, a member of the Allianz Group (NYSE: AZ), to conduct a new approach to quantifying the need for account fire reinsurance for its commercial insurance division.

“Fireman’s Fund® is undertaking this comprehensive analysis using the RMS® Account Fire Model to evaluate the effectiveness of various per risk reinsurance strategies relating to fire,” stated Mike Roney, vice president of commercial property insurance at Fireman’s Fund. “Through greater transparency of our fire risk, we can demonstrate our commitment to best practices in managing commercial account underwriting, lending more insight into reinsurance decisions.”

“This study reflects a shift in how the market is expected to do business in the future,” said Craig Van Anne, vice president at RMS. “The Account Fire Model offers transparency and consistency at the account and portfolio levels that have previously not been available due to limitations in current approaches.”